Gold Rally Resumes – What’s Next After This Powerful Move?
[ad_1] Key Highlights Gold started a fresh rally above the $3,500 resistance. A major bullish trend line is forming with…
Category: Currency Analysis
China RatingDog services PMI rises to 53.0, optimism improves
[ad_1] China’s services sector gained fresh momentum in August, with the RatingDog PMI rising to 53.0 from 52.6, topping expectations…
AUD/JPY eyes break A above 97.41 as Aussie strength, Yen weakness align
[ad_1] AUD/JPY extended its rally this week, surging toward the 97.41 resistance level and positioning to resume the broader uptrend…
WTI Crude Oil Wave Analysis
[ad_1] WTI crude oil: ⬆️ Buy WTI crude oil broke the resistance level 64.00 Likely to rise to resistance level…
Australia’s GDP rebounds 0.6% qoq in Q2, as spending and exports drive recovery
[ad_1] Australia’s economy grew 0.6% qoq in Q2, beating expectations of 0.5% qoq and expanding 1.8% yoy from a year…
Japanese Yen Slides After Hawkish BoJ Comments
[ad_1] The Japanese yen is sharply lower on Tuesday and has fallen to a two-week low. In the European session,…
GBP/USD Technical: Sterling Torpedoed by Spike in 30-Year Gilt Yield, Watch 1.3315/3280 Key Support
[ad_1] The sterling slumped against the US dollar, losing as much as 1.2% intraday and erasing all gains from Fed…
Gold Near Record Highs Poised for a New Peak
[ad_1] Gold prices extended their rally on Tuesday, reaching 3,490 USD per troy ounce, approaching an all-time high. The metal…
ECB’s Schnabel sees no need for more easing, eyes higher inflation risks
[ad_1] ECB Executive Board member Isabel Schnabel pushed back against further monetary easing, telling Reuters that policy maybe already “mildly…
USD/JPY Mid-Day Outlook – Action Forex
[ad_1] Daily Pivots: (S1) 146.85; (P) 147.12; (R1) 147.44; More… USD/JPY’s break of 148.76 resistance suggests that pullback from 150.90…